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Filed Pursuant to Rule 424(b)(3)
Registration No. 033-61601
PRICING SUPPLEMENT, DATED MAY 22, 1997
TO PROSPECTUS SUPPLEMENT DATED OCTOBER 6, 1997
TO PROSPECTUS DATED SEPTEMBER 27, 1995
POPULAR, INC.
(FORMERLY BANPONCE CORP.)
MEDIUM-TERM NOTES, SERIES 2
DUE FROM NINE MONTHS TO 30 YEARS FROM DATE OF ISSUE
PRINCIPAL AMOUNT........................................... $7,050,000.00
ORIGINAL ISSUE DATE........................................ MAY 28, 1997
MATURITY DATE.............................................. MAY 28, 1999
GLOBAL NOTE................................................ YES
INITIAL INTEREST RATE...................................... 6,565%
INTEREST RATE BASIS........................................ FIXED
INDEX MATURITY............................................. N/A
SPREAD..................................................... N/A
CUSIP...................................................... 06670VBCO
INTEREST RATE RESET PERIOD................................. N/A
INTEREST PAYMENT PERIOD.................................... JUNE 15, DECEMBER
15, AND AT
MATURITY. (FIRST
INTEREST PAYMENT
12/15/97).
THE PROCEEDS FROM THE ISSUANCE OF THE NOTE TO WHICH THIS PRICING SUPPLEMENT
RELATES WILL BE USED TO FINANCE POPULAR, INC. SUBSIDIARIES.
